In-Memory Analytics Market Size, Demand and Trends 2022-2027
According to the latest report by IMARC Group, titled “In-Memory Analytics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the report covers the key players of the business including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin Sales with an exhaustive investigation of the market’s competitive landscape and definite data on vendors and thorough subtleties of elements that will challenge the development of significant market vendors.
Year considered to estimate the market size:
• Base year of the analysis: 2021
• Historical period: 2016-2021
• Forecast period: 2022-2027
The global in-memory analytics market size reached US$ 3.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 14.2 Billion by 2027, exhibiting a growth rate (CAGR) of 25.5% during 2022-2027.
Market Outlook:
In-memory analytics refers to a business intelligence (BI) methodology used to solve complex and time-sensitive business scenarios. It assists in improving the speed, performance, and reliability when querying data. It also aids in increasing revenue, managing risks, simplifying access to data sources, delivering immediate actions and responses, and resolving consumer demands/issues. Moreover, as it provides deep insights that help in making informed and proactive decisions, its application is expanding across numerous organizations across the globe.
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Market Trends:
The increasing adoption of in-memory analytics in the BFSI sector represents one of the major factors driving the growth of the market. The rising adoption of in-memory analytics in the banking, financial services, and insurance (BFSI) sector represents one of the key factors propelling the growth of the market. In-memory analytics is cost-effective and can analyze data of varied sizes and complexities with unprecedented speed. As a result, it is increasingly being utilized as an alternative to data warehouses for small and medium-sized enterprises (SMEs). Apart from this, it finds application in geographic information systems (GIS). This, along with the growing employment of digital technology, is creating a favorable market outlook.
List of Key Companies Covered in this Market Report:
- ActiveViam
- Amazon Web Services Inc.(NASDAQ: AMZN)
- Hitachi Ltd. (OTCMKTS: HTHIY)
- Information Builders Inc. (Tibco Software Inc.)
- International Business Machines Corporation
- Kognitio Ltd
- Microstrategy Incorporated
- Oracle Corporation (NYSE: ORCL)
- Qlik Technologies
- SAP SE (NYSE: SAP)
- SAS Institute Inc.
- Software AG (OTCMKTS: STWRY)
In-Memory Analytics Market Segmentation:
Market by Application:
- Customer Experience Management
- Design and Innovation
- Operation Optimization
- Marketing Management
- Real-Time Analysis and Decision-making
- Others
Market by Organization Size:
- Small and Medium Enterprises
- Large Enterprises
Market by Vertical:
- BFSI
- Retail and E-commerce
- Government and Defense
- Healthcare
- Manufacturing
- IT and Telecommunication
- Others
Geographical Analysis:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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